SPRINGFIELD HOUSING MARKET DATA

There was a decrease in total units sold in September, with 86 sold this month in Springfield Real Estate versus 91 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 18% versus September 2024.

Versus last year, the total number of homes available this month is higher by 36 units or 47%. The total number of active inventory this September was 113 compared to 77 in September 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 131, a decrease of 14%.

Last September, the median sale price for Springfield Homes was $675,000. This September, the median sale price was $704,500, an increase of 4% or $29,500 compared to last year. The current median sold price is 2% higher than in August.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.

In September, there was 1.3 months of supply available in Springfield, compared to 1.1 in September 2024. That is an increase of 25% versus a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

This month there were 91 homes newly listed for sale in Springfield compared to 92 in September 2024, a decrease of 1%. There were 92 current contracts pending sale this September compared to 90 a year ago. The number of current contracts is 2% higher than last September.

In September, the average sale price in Springfield was 99.8% of the average list price, which is 1.2% lower than at this time last year.

This month, the average number of days on market was 21, higher than the average last year, which was 15, an increase of 40%.





FOCUS ON: SPRINGFIELD HOUSING MARKET			SEPTEMBER 2025

Zip Code(s): 22151, 22150, 22152 and 22153
Units Sold 86	Active Inventory 113	Median Sale Price $704,500	Days On Market 21

Up 18% Vs. Year Ago	Up 47% Vs. Year Ago	Up 4% Vs. Year Ago	Up 40% Vs. Year Ago


		Units Sold There was a decrease in total units sold in September, with 86 sold this month in Springfield Real Estate versus 91 last month, a decrease of 5%. This month's total units sold was higher than at this time last year, an increase of 18% versus September 2024.
Active Inventory Versus last year, the total number of homes available this month is higher by 36 units or 47%. The total number of active inventory this September was 113 compared to 77 in September 2024. This month's total of 113 is lower than the previous month's total supply of available inventory of 131, a decrease of 14%.
		Median Sale Price Last September, the median sale price for Springfield Homes was $675,000. This September, the median sale price was $704,500, an increase of 4% or $29,500 compared to last year. The current median sold price is 2% higher than in August. Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.



New Listings 91	Current Contracts 92	Sold Vs. List Price 99.8%	Months of Supply 1.3

Down -1% Vs. Year Ago	Up 2% Vs. Year Ago	Down -1.2% Vs. Year Ago	Up 25% Vs. Year Ago


		Months of Supply In September, there was 1.3 months of supply available in Springfield, compared to 1.1 in September 2024. That is an increase of 25% versus a year ago. Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
New Listings & Current Contracts This month there were 91 homes newly listed for sale in Springfield compared to 92 in September 2024, a decrease of 1%. There were 92 current contracts pending sale this September compared to 90 a year ago. The number of current contracts is 2% higher than last September.
		Sale Price to List Price Ratio In September, the average sale price in Springfield was 99.8% of the average list price, which is 1.2% lower than at this time last year. Days on Market This month, the average number of days on market was 21, higher than the average last year, which was 15, an increase of 40%.


	Springfield are defined as properties listed in zip code/s 22151, 22150, 22152 and 22153.
	*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
	Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.